Crypto Academy

📈 95% of Bitcoin Holders in Profit!

According to IntoTheBlock, a whopping 95% of BTC holders are currently in profit! Historically, this often leads to either a sharp rally or market exhaustion. 🔥

And to the 2% who bought at $73k—don’t worry, your time in the green is coming soon 😉

🚀 The FTT token of the collapsed FTX exchange has surprisingly surged in value, outpacing all others.

📈 This spike is fueled by false rumors about the imminent start of compensation payments to affected clients. 💰

👀 However, these claims are unfounded; the next crucial court hearing isn't until October 7, meaning no payments will occur by September 30. If the plan is approved, clients with claims under $50,000 might see payouts by late 2024, while larger claims could face delays until early to mid-2025.

Additionally, some creditors are challenging the compensation plan, insisting on asset-based payouts rather than cash. 🧐

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If you bought $100 worth of XRP in 2018, today you still have $100. 😁

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🥷 Malicious actors have targeted the Ethena protocol interface.

Ethena Labs, the developer behind the synthetic dollar USDₑ, has temporarily shut down the project's website following a hack of their domain registrar account. 🤷

The site will remain offline until the issue is resolved.

The team urged users to steer clear of any website or application impersonating the Ethena frontend. 🧐

They also confirmed that the Ethereum-based protocol remains unaffected and that users' funds are safe.

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🇸🇬 In Singapore, crypto enthusiasts caused chaos in a shopping mall when the mega-event Token2049 overlapped with a Berachain community party. 🕺

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JUST IN: 💰 $270 billion asset manager founder Ric Edelman says "#Bitcoin will be $420,000" by 2030 🚀

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🚨 The CFTC has issued an order against Uniswap Labs for offering illegal digital asset derivatives trading.

The order requires them to pay a $175,000 civil monetary penalty and to cease and desist from violating the Commodity Exchange Act (CEA), as charged.

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JUST IN: 🇺🇸 SEC issues Wells Notice to NFT platform OpenSea, threatening to sue, citing NFTs on the platform are securities.

🚀 Bitcoin Eyes Key Breakout from Symmetrical Triangle!

📉 Currently Trading in a Symmetrical Triangle
🔝 Attempting to Break Through Resistance After Rebounding from Support

🕙 Ichimoku Cloud Signals Strong Bullish Momentum
📈 Decisive Breakout Needed to Confirm Upward Trend!

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Staking Delegation: Maximizing Crypto Gains

Staking delegation is your gateway to passive income in the crypto world, minus the technical headaches. Instead of managing costly infrastructure yourself, you can delegate your staking rights to a trusted validator or staking pool and still reap the rewards.

Here’s how it works: You, the delegator, earn a share of the staking rewards generated by your delegated tokens, while the validator or staking pool gains increased validation power. For instance, if you hold a significant amount of Tezos (XTZ) tokens, you can delegate them to a reputable staking pool. In return, you'll earn a portion of the rewards without dealing with the complex technicalities.

This system not only makes earning easier for you but also strengthens the network's decentralization and security. It’s like partnering with an expert who handles the hard work while you sit back and enjoy the benefits.

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NEW: 💰 7D Bitcoin Hashrate hits NEW ALL TIME HIGH of 661,000,000,000,000,000,000 hashes/s! ⚡️

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What Are Some Common P2P Scams?

😀 Fake proof of payment or SMS
Scammers may digitally alter receipts to convince you they have sent payment and trick you into releasing crypto to them. One example is the SMS scam where criminals forge a text message to notify the victim that they have received a payment. 

➡️ How to avoid this scam: As a seller, you should only approve the transaction after checking if the payment is already in your wallet or bank account.

To be continued 🚀

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BlackRock, the world's largest asset manager with $10.6 trillion in assets, has 1,111 investment funds.

BlackRock Bitcoin ETF, IBIT ranks in the 31st percentile among all funds

Great result in such a short period of time💪

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The Bitcoins sold by the German government have increased in value by nearly $500 million since then. 😁

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Crypto speak: Floor sweeping

“Floor sweeping” is the act of buying NFTs at the lowest price possible. You can always find people in various chat rooms and Discord channels of NFT projects shouting “floor sweeping!”, encouraging community members to buy NFTs at the lowest price to raise the floor price of the project.

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JUST IN: Payments Giant, Stripe, to allow European customers to purchase Bitcoin & crypto using their credit or debit cards.

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📊 Solana is alive and well

The Solana network has overtaken Ethereum in trading volume for the first half of July.

SOL - $13 billion
ETH - $10.5 billion

Shields on Solana are still alive after all 😁

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Crypto speak: Flipping

The term “flipping” is buying assets at low prices and selling them quickly for a profit.

Flipping has been very popular in the NFT space, where people buy tokens in the early stages of a project and sell them as soon as they see a favorable price increase.

This investor behavior, by the way, was one of the critical factors in the decline of the NFT market over the last year; most users saw NFTs solely as a tool for quick earnings, not as an investment in art.

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💰 Bitcoin explained in 3 mins

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📊 The BTC and ETH derivatives-to-spot ratio has remained relatively flat this year compared to previous market cycles

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